Tariffs on Chinese Imports Have Not Impacted US Economy: Trump

Washington, Oct 17 (PTI) The massive additional tariffs imposed by the US on import of Chinese products worth more than USD 250 billion has not had any impact on the American economy, President Donald Trump said Wednesday.

However, Trump in an interview with Fox News ruled out starting trade deal negotiations with China, arguing that Beijing is not ready yet for such talks.

The US has helped rebuilt China, he said.

"Now they're paying 25 per cent tariffs on USD 250 billion hasn't affected our economy, has it? Costs haven't gone up, inflation still low, very low, hasn't had an impact that we see except for one, billions of dollars are pouring into the treasury," Trump asserted. "If you look at China they're down USD 20 trillion and we're up USD 11.7 trillion in worth, that's a tremendous number," he said.

"Ready to start talking with China again or are they ready for you?" Trump was asked to which he answered, "I don't think so".

"I told them they want to make a deal and I said you guys aren't ready yet, you're just not ready," Trump said.

(This is an unedited and auto-generated story from Syndicated News feed, LatestLY Staff may not have modified or edited the content body)